As developers approach local communities with their plans and drawings, Naperville attorney Vince Rosanova offered another strategy at the council’s the Oswego Board recently.
In particular, he targeted Oswego School District 308.
Rosanova represented the Tuscany Station project planned to start this spring, including 480 one and two bedroom apartments in 13 three-story buildings. Later, single-family homes will be built on 30 acres.
The Orchard Road property, north of the BNSF rail line, was annexed into the village in 2001, but has remained a vacant lot since then.
The Oswego Village Board approved the housing plan with trustee Brian Thomas not voting, rezoning it from M-One Limited Manufacturing and R-1 Single Family to R-4 General resident. District and B-3 Commercial Service and Wholesale District.
In addition, Rosanova said that income from property taxes will be close to $1.9 annually, divided among all tax categories. Miscellaneous permit fees, impact fees, water and sewer total nearly six million dollars.
Abby Properties LLC, a subsidiary of Tuscany LLC, is the builder, led by Abel Martin of Plano, who built Grand Reserve, The Townes of the Kendall Marketplace, and Timber Glenn, all in Yorkville.
With four housing developments underway, Oswego could reach 40,000 residents in the next few years.
You can listen to Mark Harrington’s radio talk by clicking below: